Was 2023 ON Semiconductor Corporation's best revenue year?

Yes — 2023 was ON Semiconductor Corporation's highest recorded revenue year at $8.3B, the peak across all 3 years of available data.

What was ON Semiconductor Corporation's highest ever annual revenue?

ON Semiconductor Corporation's highest ever annual revenue was $8.3B recorded in fiscal year 2023.

ON Semiconductor Corporation

SemiconductorsFounded 1999

Reviewed by Swet Parvadiya

Last reviewed: July 2025

Explore ON Semiconductor Corporation

Core profile pages, annual revenue records, and related research hubs for this company.

ON Semiconductor Corporation

SemiconductorsFounded 1999

Reviewed by Swet Parvadiya

Last reviewed: July 2025

Annual Revenue

ON Semiconductor Corporation Revenue in 2023

Q: What was ON Semiconductor Corporation's revenue in 2023?

ON Semiconductor Corporation reported $8.3B in revenue for fiscal year 2023. ON Semiconductor posted $8.25 billion in revenue for FY2023, near its FY2022 peak, before a cyclical downturn in automotive and industrial demand began to weigh on results.

FY2023 Revenue

$8.3B

Source: Annual report / company filing

ON Semiconductor Corporation reported $8.3B in revenue for fiscal year 2023. In 2024, revenue declined to $7.1B.

ON Semiconductor posted $8.25 billion in revenue for FY2023, near its FY2022 peak, before a cyclical downturn in automotive and industrial demand began to weigh on results.

Revenue by Year

FY2025 FY2024 FY2023

ON Semiconductor Corporation Annual Revenue History

Year	Revenue	Net Income	YoY Change
FY2025	$7.1B	—	+0.0%
FY2024	$7.1B	$1.6B	-14.2%
FY2023	$8.3B	—	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

Next year →

FY2024: $7.1B

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